Updated Sunday, December 28, 2014 as of 10:55 PM ET

Americans Saving Beyond Workplace Retirement Plans

Many Americans are using more than just their workplace retirement plans to save for their golden years, making their retirement preparedness  less dire than often predicted, according to an analysis by Fidelity Investments. The analysis found that nearly 1 million investors use both a workplace savings plan and an IRA account, with an average balance of $225,600 at the end of 2012. This was nearly three times higher than the average 401(k) account administered through Fidelity.

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